News about properties and real estate
Planners OK replacing apartments with condos The developer is cutting back and delaying his plans because of the slumping real estate market. More than three decades after Gary Boruff became a landlord in Venice’s apartment district, his last tenants have been moved out and his rentals, which recently went for as little as $450 per …
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Life Difficult for Apartment Owners, Tenants When Jennifer and Terry Balvin first met, Terry owned a house. But after they married, the Balvins chose to live in her apartment at Martin’s Landing in South Lakeland. “He is always telling me of the costs and hassles of just going through the purchase of the house — …
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Developer makes the old new What embattled entrepreneur and race car driver Eric Schwartz said he enjoyed most about the restaurant business were the openings, especially designing, refurbishing and decorating a new restaurant. He didn’t like the chronic financial struggle to stay in business in a highly competitive industry. Schwartz, 49, who founded Upstairs Downstairs …
Harlem Staging Its Latest Renaissance “Harlem has finally been recognized as being in Manhattan,” the chairman of global brokerage at CB Richard Ellis, Stephen Siegel, said. “It is a wonderful land for opportunity from a location, transportation, and developable site perspective.” “Harlem has arrived. Almost every storefront is full, crime is way down, and the …
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The Berserkonomics of One Rent-Stabilized Apartment Building [New York City] For decades, New York has owed a key part of its allure—its unwillingness to honor class divisions with geographic ones—to rent stabilization. Under the system, which governs rents for a million apartments in the city, wildly different tax brackets can be found sharing walls, watts, …
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Florida’s oversupply of condo-hotels could spell big trouble Florida leads the nation in the number of condominium-hotel rooms in the pipeline, but analysts fear an oversupply could prove troubling for developers and consumers. The Sunshine State has more than 31,500 condo-hotel rooms under development, according to Smith Travel Research of Hendersonville, Tenn. Nevada is second …
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